Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Up 144.8% in April

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ – Get Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 124,600 shares, a growth of 144.8% from the April 15th total of 50,900 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 2,620,000 shares, the short-interest ratio is presently 0.0 days.

Shares of NYSEAMERICAN:MITQ opened at $0.94 on Friday. Moving iMage Technologies has a one year low of $0.82 and a one year high of $27.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.73 and a quick ratio of 2.04.

Moving iMage Technologies (NYSEAMERICAN:MITQ – Get Rating) last announced its earnings results on Wednesday, February 9th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $3.42 million for the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of MITQ. Jane Street Group LLC purchased a new position in Moving iMage Technologies during the third quarter worth about $105,000. Geode Capital Management LLC purchased a new position in Moving iMage Technologies during the fourth quarter worth about $75,000. Finally, Susquehanna International Group LLP acquired a new position in Moving iMage Technologies during the fourth quarter worth about $44,000. 7.11% of the stock is owned by hedge funds and other institutional investors.

About Moving iMage Technologies (Get Rating)

Moving iMage Technologies, Inc, a digital cinema company, designs, manufactures, integrates, installs, and distributes proprietary and custom designed equipment, and other off the shelf cinema products for cinema requirements in the United States and internationally. Its products and services focus on the integration needs associated with the building, modernization, and equipping of motion picture exhibition theatres.

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